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55 Cards in this Set

why countries give up part of their sovereignty to supranational institutions

2. _______ Treaty was signed in Rome in 1957.

The Euratom.

3. _______ is a static theory.

Functionalism.

4. “Spillover” effect is the core concept of:

Neo-functionalism.

5. The mechanisms which feed the integration process are:

Technocratic automaticity, transfer of national allegiances and positive spillover effects.

6. ______ forged the concept of neo-functionalism.

Haas.

7. The spillover effect has no role in the theory of inter-governmentalism.

True.

8. In a globalizing world, regionalization reduces the power of bigger states.

False.

9. _____ exists in a FTA but not in a CU (customs union)

Trade deflection.

10. Peter and Jack are two house builders. They build two kinds of houses: Houses A and Houses B. Peter can build either one A house or one B house a month, and Jack can \build either four A houses or two B houses a month.

Peter has a comparative advantage in the building of B houses.

11. A ______ has common external tariffs on imports.

Customs Union.

12. The Copenhagen criteria concentrate on:

country’s democratic institutions.

13. A working economy and respect of individual rights are required for countries applying to join the EU.

True.

14. The last enlargement of the EU took place in:

2007.

15. Some non-EU countries in the Balkans:

have free access to the European Union market for almost all their goods.

16. The first principle a candidate to the EU must respect is:

the acceptance of the acquis communautaire.

19. In figure (1), when the country imposed the tariff on imports, the gain of domestic producers was larger than the loss of domestic consumers.

False

20. After joining a FTA, member states with an extreme comparative advantage experience more trade diversion.

True

27. According to _____, competition is synonymous with absence of entry barriers on a contestable market.

W Baumol

28. Increasing returns to scale can be expressed by decreasing average costs.

True

29. A country’s exports and imports of a same category of goods is called “Internal trade”.

False

30. The European ________ was agreed on in 1986 and officially achieved in 1992

Single Market

31. The German Stock Exchange and the NYSE-Euronext are merging soon

True

32. A _________ is a spatial concentration of industries or businesses.

Cluster

The gains from economic integration are usually

external economies of scale, returns to scale and trade creation.

1. The EU (European Union) was born:

with the Treaty of Maastricht.

2. Musgrave divided a government intervention into:

allocation, contra-cycle and redistributive budgets.

3. The successive steps of the European construction have been:

peace keeping, economic efficiency, political unification.

4. The ECSC:

means European Coal and Steel Community

5. Mitrany is the founding father of:

Functionalism.

6. The _________ view calls for a federal structure of Europe.

maximalist.

7. The EU today has a High Representative of the EU for Foreign Affairs.